According to ChainCatcher, Solv Protocol co-founder Ryan Chow stated that the accusations against the project are incorrect and contradictory, attempting to mislead the public. Solv has decided to respond with facts.
In response to the accusations from Nubit co-founder Hans, Chow pointed out that the referenced mempool transactions are routine operations of SolvBTC.CORE, as BTC needs to be re-staked to a new address every half month.
Regarding the decline in TVL of SolvBTC.BBN during Babylon Cap3, Chow explained that this is due to the normal redemption mechanism, reflecting the product's liquidity and flexibility, and refuted the speculation of repeated BTC calculations.
Chow emphasized that Solv was attacked before the TGE and has provided on-chain evidence and technical documentation, inviting the market and users to make their own judgments.